A person borrowed Rs. 5000 from his friend, the understanding being that the money would be returned after 3 years with C.I. 6% p.a. He wanted to return the sum due 1.5 years before it was due. What amount would discharge the debt?
Explanation:
A = 5000 1+61001×1+6×12100 = 5000 × 1.06 × 1.03 = 5459
Hence, option (b).
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